Comment on Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward
Yes, though I’m not sure what you mean by not paid. You have monthly payments for the loan.
I meant payed off.
So if I borrow $100.000 at 3% interest rate, I will 3% for the entire duration of the loan? Even if FED increased the rates to something else?
Yep. That’s why people who got these historic low rates are going to be very resistant to moving. Myself included.
uranibaba@lemmy.world 11 months ago
I meant payed off.
So if I borrow $100.000 at 3% interest rate, I will 3% for the entire duration of the loan? Even if FED increased the rates to something else?
Alexstarfire@lemmy.world 11 months ago
Yep. That’s why people who got these historic low rates are going to be very resistant to moving. Myself included.